Lend Academy Network Forum

General Category => Introductions => Topic started by: Fletch on June 06, 2014, 08:15:30 AM

Title: Looking for Newbie Info
Post by: Fletch on June 06, 2014, 08:15:30 AM
I'm new to the forum and P2P lending--just trying to get some truthful answers on risk and reward for middle of the road investing risk--good idea or bad--sucess or not??
Thanks--all feed back appreciated. Too old to start a new crap game at the Horseshoe.
Title: Re: Looking for Newbie Info
Post by: New Jersey Guy on June 06, 2014, 09:00:52 AM
You could start with Peter's article
http://www.lendacademy.com/how-to-get-started-with-peer-to-peer-lending/
Title: Re: Looking for Newbie Info
Post by: lascott on June 06, 2014, 09:31:49 AM
I'm new to the forum and P2P lending--just trying to get some truthful answers on risk and reward for middle of the road investing risk--good idea or bad--sucess or not??
Thanks--all feed back appreciated. Too old to start a new crap game at the Horseshoe.
Visual info I've collected as I'm pretty new at this:

Lending Club Statistics      https://www.lendingclub.com/info/statistics.action   "Platform: Highlights Public/Offering: Performance / Loan Details / Download Data"
Lending Robot Market Insight   http://lendingrobot.com/data   
Lending Robot Popular LC   https://lendingrobot.com/#/popular/LC      Funded after 5 seconds
Lending Robot Maketplaces   https://lendingrobot.com/#/compendium   P2P sites around world
Nickel Steam Roller      http://www.nickelsteamroller.com/#!/      Performace Summary LC and PrcPr
Nickel Steam Roller      http://www.nickelsteamroller.com/#!/diversification   Diversification is Key $10K 20/100/400
Nickel Steam Roller      https://www.nickelsteamroller.com/#!/lendingclub-vs-prosper   Lending Club vs. Prosper 2.0 for 2014
Nickel Steam Roller      http://www.nickelsteamroller.com/#!/charts      Lots of charts
Title: Re: Looking for Newbie Info
Post by: Rob L on June 06, 2014, 09:12:28 PM
Basically I'd say that except for FOLIO traders most of us here are just chasing yield given the financial repression policies of the Fed. The game is so new the risks are not well known. Probably some unknown unknowns in there; maybe even a black swan - who can say.

FWIW my comfort zone is 5%-10% of liquid net worth invested in the higher risk Lending Club D & E loans. I diversify to the maximum extent possible that allows me to remain fully invested (re-investing payments received is a continuous process). I started about a year ago and my portfolio contains about 20% A & B loans I wish I had not bought. Something may happen in the macro economy that makes me glad I have them, but for now they are a drag on my overall returns.

I am skeptical that it is possible to "beat the market" by a substantial percentage using filtering, regression modeling, phase of the moon, etc. but hopeful I'm dead wrong about that and I use P2P Picks Profit Maximizer to select loans.

Overall I'm quite pleased I somehow stumbled into this market (they don't really call it P2P any more).

Good Luck Chevy!
Title: Re: Looking for Newbie Info
Post by: lascott on June 06, 2014, 11:52:52 PM
(they don't really call it P2P any more)
That is "marketplace lending".
Title: Re: Looking for Newbie Info
Post by: Peter on June 07, 2014, 08:27:38 AM
I'm new to the forum and P2P lending--just trying to get some truthful answers on risk and reward for middle of the road investing risk--good idea or bad--sucess or not??
Thanks--all feed back appreciated. Too old to start a new crap game at the Horseshoe.

Welcome Fletch. Glad to have you on board. Most people on here, myself included, have decided that the reward is well worth the risk with p2p lending. Here are some reading material to help make up your own mind including one article that is very bearish on the sector:
http://www.lendacademy.com/what-are-the-risks-of-peer-to-peer-lending/
http://www.lendingmemo.com/lending-club-and-prosper-risks/
http://www.lendacademy.com/7-reasons-why-you-should-consider-investing-in-strangers-online/
http://www.pbs.org/newshour/making-sense/how-to-rate-the-risks-of-peer-to-peer-lending-the-newest-bubble/